the-return-of-dumb-money
Money will be blindly thrown everywhere when Bitcoin is trading above $100k.
More investors are never more aware.
The average is always the same.
Sucker born every minute.
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Money will be blindly thrown everywhere when Bitcoin is trading above $100k.
More investors are never more aware.
The average is always the same.
Sucker born every minute.
Lool okay we watch and see
Not only does Bitcoin have a way of making novice investors rich, but it also puts everyone else who missed out on those gains into a greed frenzy. People start looking for "the next Bitcoin". That move that's going to make them rich quick.
On top of that people who find themselves with a bunch of expendable money start looking for things to spend it on, no matter how frivolous. Fool Ethereum investors becomes willing to spend $30,000 on a cryptokitty because what else are they going to spend it on? lol.
I just read the post in the link....super apt! It makes sense now. Nothing really changes...they will do it again, just as they've been doing even in Defi craze with unaudited contracts, over $100m lost within 5 months already, not to talk of when fresh money is in a lot of hands during the bull and they hands get itchy. Nice nice...this should be fun
we need to wait for dumb money to come back in though. Theyll wait until they lost a chance at the bulk of the profits :-P 6 months later?